The global pharmaceutical packaging market is projected to account for USD 95 billion in 2019. With the adoption of biodegradable and recyclable products, the growing emphasis of pharmaceutical packaging manufacturers on sustainability is expected to further fuel growth. Rising demand is expected to generate growth opportunities for companies operating on the market for convenient packaging forms, such as prefilled syringes and automotive injectors.
The involvement of a number of major pharmaceutical companies is expected to have a positive impact on production. The plastic and synthetic material segment was the largest part of US sales and its dominance over the forecast period is expected to continue.
It’s being expected that by 2030, the Pharmaceutical Packaging market cap will hit USD 244.12 billion at a CAGR growth of about 8.6 %.
Growing demand for patient-oriented medicines such as biologics is further anticipated to have a positive impact on the market growth.
Pharmaceutical Packaging Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | USD 244.12 billion |
Growth Rate | CAGR of 8.6 % during 2020-2030 |
Segment Covered | By Product, By Material, End Use, Region. |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | Becton, Dickinson and Company, Amcor Plc, AptarGroup, Inc., Gerresheimer AG, Drug Plastics Group, Schott AG, West Pharmaceutical Services Inc., Owens Illinois Inc., Berry Global, Inc, SGD S.A., WestRock Company |
Key Segment Of The Pharmaceutical Packaging Market
By Product (USD Billion)
o Tertiary Pharmaceutical Packaging
o Secondary Pharmaceutical Packaging
• Pharmaceutical Packaging Accessories
• Prescription Containers
o Primary Pharmaceutical Packaging
• Caps & Closures
• Plastic Bottles
• Parenteral Containers
• Prefillable Inhalers
• Blister Packs
• Medication Tubes
• Pouches
• Others
By Material, (USD Billion)
o Paper & Paperboard
o Plastics & Polymers
• Polyethylene (PE)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Others
o Glass
o Aluminum Foil
o Others
By Application, (USD Billion)
• Retail Pharmacy
• Pharmaceutical Manufacturing
• Institutional Pharmacy
• Contract Packaging
• Others
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
Higher packaging costs are likely to reduce market growth due to strict legislation and counterfeiting. The elimination of these rising packaging costs is also one of the problems faced by the manufacturers of drug packaging. For businesses, a major sales loss because of product counterfeiting is not sustainable. Manufacturers of pharmaceutical packaging are expected to focus more on design-level innovations to enable pharmaceutical manufacturers to tackle this problem.
In terms of type the market is segmented into Plastic bottles, Blister packs, Labels & accessories, Caps & closures, Medical specialty bags, Pre-filled syringes, Temperature-controlled packaging, Pouches & strip packs, Ampoules, Vials, Pre-filled inhalers, Medication tubes, Jars & canisters, Cartridges. Material wise, the market is divided into Plastics & polymers, Paper & paperboards, Glass, Metals, Others. In terms of mode, Oral drug delivery, packaging, Pulmonary drug delivery packaging, Transdermal drug delivery packaging, Injectable packaging, Topical drug delivery packaging, Nasal drug delivery packaging, Ocular drug delivery packaging, Iv drugs delivery packaging, Other
In terms of geography, the global 3D printing ceramic is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America and Europe is projected to show dominance over the forecast period.
Key players include Amcor plc, Gerresheimer ag, Berry global inc., Schott ag, Aptargroup, inc., Becton, Dickinson and company, Catalent, inc., Nipro Corporation, West Pharmaceutical Services, inc., Westrock company